SECTION 160.
Notwithstanding any general or special law to the contrary, there shall be established a tax expenditure commission that shall review and evaluate the administration and fiscal impact of tax expenditures, as defined in section 1 of chapter 29 of the General Laws, and make recommendations to the General Court on the administrative efficiency and cost benefit of tax expenditures. The commission shall consider the public policy objectives behind the grant of any tax expenditure, the metrics for measuring success in meeting those objectives and the need for additional reporting, sunset or clawback provisions. A report of the commission's findings shall be filed with the general court on or before April 30, 2012, which shall include any recommendations regarding changes to the administration or evaluation of current tax expenditures and criteria for evaluating proposals for new tax expenditures.

The commission shall be comprised of the secretary of administration and finance or the secretary's designee, who shall serve as chair; the state auditor or the auditor's designee; the state treasurer and receiver general or the treasurer's designee; the minority leader of the house of representatives or the house leader's designee; the minority leader of the senate or the senate leader's designee; the chair of the house committee on ways and means or the chair's designee; the chair of the senate committee on ways and means or the chair's designee; the house and senate chairs of the joint committee on revenue or their respective designees; and 2 members of the governor's council of economic advisors, as designated by the governor, who shall have an expertise in economics or tax policy.